owoblow77:
They'll not taste death. They will be transformed like Enoch.

They fit be young chaps with lots of experiences ooo. Some people starts to garner experience from tender age
Some are lucky to have enlightened and biz inclined parents who set their feet on the right paths financially from very young age too. Just saying.

owoblow77:
According to Nairametrics:
‘’Honeywell has two business segment, Apapa, and Ikeja and it seems its future is dependent on what happens in its Ikeja segment. Honeywell’s Apapa division oversees its more profitable arm, the flour business while the Ikeja division is where operations of its loss-making Pasta making business is located. Of the N11 billion in operating profit it reported last year, N10 billion alone came from Apapa. Currently, Ikeja is operating at a loss while Apapa again is leading the charge with N7 billion in operating profit.’’

‘’The company expects its new factory in Ogun State to come on stream this year (earlier scheduled for 2018 Q1). The factory is projected to raise the total installed capacity of the company by 150% at its completion and will include 4 pasta lines with an installed capacity of 125,000 metric tonnes.’'

Currently I own about 100k units of Honeywell Flour shares.
Now I want to invest about 2 million naira.
Please I need an insider to help answer the below questions.

1. Why is the company trying to scale-up a loss making pasta line?
2. Why not simply install the 4 new pasta lines in Ikeja, hence you save on assets depreciation costs, human costs, and other associated costs that comes with starting-up a new plant?
3. Is the technology on the new lines the same as the old lines?
4. Is there any major change to the pasta (finished products) distribution network?

Just be careful.

My own concern is what they will do with the scaled up capacity. Competition is something else in that flour sector. And if wheat price should go up that is double wahala for them.

pluto09:




This transcorp is looking more and more attractive by the day.

@ Wanajo, are there things one should worry about apart from this non controlling interest and the Tony factor?

H1 EPS of 11kobo. FY at same run rate will be like 25kobo. Assume a PE of 6 that is like N1.50.

Good growth in revenue driven by the power sector. Not sure what they've done differently for almost 50% surge in revenue from Power sector.

Trade receivables of N77bn is a red flag! N100bn borrowings also is not small.

Then you have the related party transactions with Tony and co.

wanaj0:


H1 EPS of 11kobo. FY at same run rate will be like 25kobo. Assume a PE of 6 that is like N1.50.

Good growth in revenue driven by the power sector. Not sure what they've done differently for almost 50% surge in revenue from Power sector.

Trade receivables of N77bn is a red flag! N100bn borrowings also is not small.

Then you have the related party transactions with Tony and co.

Please, Based on this, what do you think the FY fair price could be?

wanaj0:


H1 EPS of 11kobo. FY at same run rate will be like 25kobo. Assume a PE of 6 that is like N1.50.

Good growth in revenue driven by the power sector. Not sure what they've done differently for almost 50% surge in revenue from Power sector.

Trade receivables of N77bn is a red flag! N100bn borrowings also is not small.

Then you have the related party transactions with Tony and co.

Thanks!

GTB never reach 25?

For over a decade now,this is the first time Transcorp is releasing a result showing a profit after tax of 10B which brings the Eps to 11kobo.To me,this is a fantastic result.Investors needs to patronize this stock.If there is no rise in the price of this stock at least 20% increase in share price,I dont see any other company result that will see 5% rise even after this half year result.

NO BULL BEFORE/AFTER HALF YEAR RESULT,NO BULL FOR THE REST OF THE YEAR.

sky2891:

Please, Based on this, what do you think the FY fair price could be?

Sorry sir. Only Oracle and Currentprice are able to determine that. I never reach that level.

locodemy:
For over a decade now,this is the first time Transcorp is releasing a result showing a profit after tax of 10B which brings the Eps to 11kobo.To me,this is a fantastic result.Investors needs to patronize this stock.If there is no rise in the price of this stock at least 20% increase in share price,I dont see any other company result that will see 5% rise even after this half year result.

NO BULL BEFORE/AFTER HALF YEAR RESULT,NO BULL FOR THE REST OF THE YEAR.

My mouth is watering
Plenty food gathering
December do and come

wanaj0:


Sorry sir. Only Oracle and Currentprice are able to determine that. I never reach that level.

Oga this is really propaganda.Lets appreciate a company that has posted a result beyond people's expectations.
Just think of the position of this company before now.Did you not see losses and stagnancy?You are very right in your valuations but try to understand the angle I am pointing to.

I DONT HAVE A UNIT OF TRANSCORP BUT MPEACE MY FRIEND HAS.

locodemy:


Oga this is really propaganda.Lets appreciate a company that has posted a result beyond people's expectations.
Just think of the position of this company before now.Did you not see losses and stagnancy?You are very right in your valuations but try to understand the angle I am pointing to.

I DONT HAVE A UNIT OF TRANSCORP BUT MPEACE MY FRIEND HAS.

Nothing has changed bro. Check the 2013/2014 results; is this one better?

jideflash:
STI +8

Wetin this code mean?

locodemy:
I DONT HAVE A UNIT OF TRANSCORP BUT MPEACE MY FRIEND HAS.

Lol. What are friends for?

New junctions

Skye - 20kobo
Diamond - 50kobo
Fidelity - 70kobo
Fcmb - 70kobo
Zenith - N12
Guaranty - N18
Honeywell - 80kobo

Agbalowomeri:
New junctions

Skye - 20kobo
Diamond - 50kobo
Fidelity - 70kobo
Fcmb - 70kobo
Zenith - N12
Guaranty - N18
Honeywell - 80kobo

LOL. Grave robber.

Sovereign Trust Insurance +8%

Mcy56:

Wetin this code mean?

mendes911:


LOL. Grave robber.

Na prices wey sure for 100-200% be that

Agbalowomeri:


Na prices wey sure for 100-200% be that

Ohok. So that's how you arrive at your own valuations. Chai.

mendes911:


LOL. Grave robber.

You may not know how powerful ogogoro is until you see a handwriting like that one.

Agbalowomeri:
New junctions Skye - 20kob Diamond - 50kobo Fidelity - 70kobo Fcmb - 70kobo Zenith - N12 Guaranty - N18 Honeywell - 80kobo

Village pricing.

locodemy:
You may not know how powerful ogogoro is until you see a handwriting like that one.

lol.

jideflash:
Sovereign Trust Insurance +8%

Okay. You don port here.

locodemy:


You may not know how powerful ogogoro is until you see a handwriting like that one.

I get his point though. His target has always been minimum 100% for late year entry, so he's trying to err on the safe side. His projections for DBN last year was 80k but he was forced to re-enter at about N1.20 (when information came out on their sale of subsidiary).

We will wait and see what happens this year.

Agbalowomeri:

Na prices wey sure for 100-200% be that

Light dey your village?

Agbalowomeri:
New junctions
Skye - 20kobo Diamond - 50kobo Fidelity - 70kobo Fcmb - 70kobo Zenith - N12 Guaranty - N18 Honeywell - 80kobo

wanaj0:


Sorry sir. Only Oracle and Currentprice are able to determine that. I never reach that level.

Lol

i don bellefull sef.

Mcy56:

Okay. You don port here.

DOLLARTEX:
Light dey your village?

Solar energy at work.
Think say you too don go village o.

jideflash:
i don bellefull sef.

Lol. Good for you. You must have bought at 20k.

Mcy56:

Lol. Good for you. You must have bought at 20k.

When the bears fully take control,those who get liver go make money for ugly stocks like this.